The area of 3PL (third party logistics) has evolved significantly in the past decade, and is forecasted to undergo further growth, especially owing to the increasing focus of manufacturers on their core businesses and sub-contracting the activities. A recent research by Global Market Insights, reports that the 3PL Market size is set to exceed USD 1,100 billion by 2024. In addition, as increasing globalization is encouraging companies across multiple industry verticals to expand their geographical presence to meet the global demand, 3PL market vendors are focusing on providing international freight management, along with customs brokerage. Apart from providing 24/7 service, coupled with competitive pricing, operations of a 3PL mandatorily have to be accurate and, at the same time, efficient as well.
In this scenario, to aid CIOs navigate the 3PL market effortlessly, the editorial panel at CIO Advisor has heedfully funnelled down the top-notch solution providers who are at the forefront, in terms of innovation and services expertise.